Comment Text:
10-005
COMMENT
CL-01930
From:
Sent:
To:
Subject:
Russell Craig (rucraig)
Thursday, April 8, 2010 5:55 PM
Metals Heating
Position Limits for precious metals
Secretary of the Commission
Commodity Futures Trading Commission
Three Lafayette Centre
1155 21st Street NW
Washington, DC 20581
Dear Sir;
Thank for the opportunity to comment on the issue of position limits for precious metals.
As a consequence of the public meeting that you held on 25 March it is now abundantly and undeniably clear that the situation
in regard to the participation of major entities in the silver market is causing the price of silver to be artificially, illegally and
immorally suppressed.
For the CTFC to allow this situation to persist is untenable. Please establish a speculative position limit in COMEX silver of no
more than 1500 contracts. Please restrict any hedging exemptions from those limits to legitimate hedgers. Please stop the
levels of concentration in COMEX silver futures that have been experienced over the past few years on the short side of the
market.
Sincerely,
Russell Craig
Russell Craig
Executive Advisor, Internet Business Solutions Group
[email protected]
Phone:
+852 2588 4934
Mobile: +852 6392 3201
29/F, Great Eagle Centre
23 Harbour Road
Wanchai, Hong Kong
Cisco.com
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